Royal Bank of Canada RY-T has hired a Goldman Sachs banker to lead its domestic equity capital markets business as the lender rejigs the corporate and investment bank’s leadership team.
Goldman Sachs managing director of Canadian equity capital markets Jackie Nixon is joining Canada’s largest lender in August, according to an internal memo viewed by The Globe and Mail. On Monday, RBC launched a leadership shakeup in its investment banking unit in a bid to bolster global growth in its capital markets division.
While the bank is looking for opportunities abroad, RBC Capital Markets head Derek Neldner said Monday that maintaining the bank’s market-leading position in Canada “is critical and core to our strategy.”
RBC’s capital markets business holds 10 per cent of the market share in Canada, ranking it as the top corporate and investment bank in the country.
It also ranked as the top investment bank for stock deals in the first…
